| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27M | $40M | $34M | -32.4% | -21.0% |
| Op. Income | -$54M | -$63M | -$66M | 14.6% | 18.1% |
| Gross Margin | 80.1% | 89.4% | 85.7% | -9.4pp | -5.6pp |
| Net Margin | -207.2% | -158.5% | -192.6% | -48.7pp | -14.7pp |
| EPS (Diluted) | $-0.57 | $-0.65 | $-0.70 | 12.3% | 18.6% |
| Free Cash Flow | -$19M | -$85M | -$53M | 78.2% | 64.9% |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $22M |
| R&D Expenses | $52M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $76M |
| Cost & Expenses | $81M |
| OPERATING INCOME | -$54M |
| Interest Income | $2M |
| Interest Expense | $5M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$56M |
| Income Tax Expense | $80.0K |
| Net Income from Continuing Ops | -$56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$56M |
| D&A | $2M |
| EBIT | -$52M |
| EBITDA | -$50M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$56M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $79.0K |
| Change in Working Capital | $27M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$251.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$95M |
| Sales/Maturities of Investments | $105M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $10M |
| Net Debt Issuance | -$54.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$237.0K |
| NET CASH FROM FINANCING | -$246.0K |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $114M |
| Short-Term Investments | $122M |
| Net Receivables | $41M |
| Inventory | $42M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $332M |
| PP&E (Net) | $81M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $92M |
| TOTAL ASSETS | $424M |
| Account Payables | $18M |
| Short-Term Debt | $40.0K |
| Deferred Revenue | $13M |
| Other Current Liabilities | $153M |
| TOTAL CURRENT LIABILITIES | $218M |
| Long-Term Debt | $90M |
| Deferred Revenue NC | $158M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $54M |
| TOTAL NON-CURRENT LIABILITIES | $368M |
| TOTAL LIABILITIES | $586M |
| Common Stock | $988.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$204M |
| Minority Interest | $42M |
| TOTAL EQUITY | -$162M |
| TOTAL LIABILITIES & EQUITY | $424M |
| Total Debt | $170M |
| Net Debt | $57M |
